May 11, 2023
Goldman Sachs to pay $215m in sex discrimination case
Goldman Sachs will pay $215m (£170.5m) to settle claims that it discriminated against women, offering female staff lower pay and fewer opportunities. The agreement comes a month before the long-running class-action lawsuit was due to come to trial.…
May 8, 2023
Janet Yellen warns of debt ceiling ‘catastrophe’
US Treasury Secretary Janet Yellen has warned a failure to raise the US debt ceiling could have dire consequences. Without an agreement to increase what the federal government can borrow, it could run out of money by early June. At that point, the…
May 6, 2023
Addidas admits that Kanye West Yeezy loss is hurting them
Adidas has said the ending of its collaboration with Kanye West is "hurting" the business, with sales in North America hard hit. The sportswear giant cut its ties with the designer and rapper, known as Ye, late last year after he posted anti-Semitic…
May 1, 2023
First Republic makes last ditch bid to find rescue deal
US regulators are racing to find a rescuer to buy First Republic Bank in a deal that could be announced as soon as Sunday.The Federal Deposit Insurance Corporation has reportedly asked six banks to bid for the embattled lender. Shares in First…
April 28, 2023
Microsoft furious after Call of Duty deal blocked
Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision, saying the EU was a better place to start a business. The move was "bad for Britain" and marked Microsoft's "darkest day" in its four decades of…
April 26, 2023
Engagement ring sales are down sharply, according to America’s biggest jeweler
New York CNN — It seems to be a turbulent time for retailers who cater to couples in love. On the heels of David’s Bridal, the largest seller of wedding dresses declaring bankruptcy last week, another big seller of symbols of enduring love, like…
April 21, 2023
Another FirstCaribbean sale blocked
FirstCaribbean International Bank Limited's (FCIB) sale of its St Kitts operation has fallen through as the Eastern Caribbean Central Bank (ECCB) decided not to grant final approval for the transaction. FCIB had announced in October 2021 that it was…
April 20, 2023
Facebook owner Meta sees latest layoffs begin
Facebook owner Meta has started notifying staff who are losing jobs in the wave of 10,000 job cuts the social media company announced last month. Boss Mark Zuckerberg had said the layoffs are key to making the company more efficient. Meta, which…
April 14, 2023
Government not worried about investors invoking Belize-UK treaty
The Belize government says it remains confident despite a move by the British Caribbean Bank Limited and Prize Investment Holdings Limited to invoke the bilateral investment treaty between Belize and the United Kingdom over Belmopan’s rejection of…
April 13, 2023
IMF says it is working “hard” to resume programme with Suriname
The International Monetary Fund (IMF) Thursday said it has been working very hard” with Suriname, and hopes to send a mission to the Dutch-speaking Caribbean Community (CARICOM) country as soon as possible. The acting director of the IMF Western…